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(This list is updated periodically)
Breakthrough Energy LLC
Children’s Investment Fund Foundation (CIFF)
As climate change continues to unfold around the globe, environmental, social, and governance (ESG) concerns are increasingly driving investment decisions. This is especially true for investors in the oil and gas sector, which accounts for an outsized share of global greenhouse gas (GHG) emissions. Although this sector’s future is uncertain amid the decarbonization process, demand for oil and gas is unlikely to decline soon. However, given the proliferation of ESG investment strategies, if these companies wish to continue to attract capital, they will likely need to reduce their environmental footprint and show evidence of such in a way that is both transparent and uniform across the sector.
This report, part of Columbia University’s Center on Global Energy Policy, analyzes how oil and gas companies involved in exploration and production (known as “upstream”) are disclosing GHG emissions and climate change risks, the extent to which their disclosures align with existing reporting standards, and investor views on the future of the oil and gas sector and its role in the energy transition. The report’s scope is limited to US oil and gas companies for two reasons: oil and gas production in the US is growing and the country seeks to be a global leader on climate issues. The analysis is based on the authors’ survey of the ESG/sustainability reports of 15 different-sized upstream US oil and gas companies and the authors’ interviews with influential investors in the US oil and gas sector. In addition, the report examines upcoming climate disclosure requirements from the Securities and Exchange Commission, in concert with other bodies, likely to take effect in the coming years.
The main findings of this report are as follows:
This study proposes six principles that could help oil and gas companies achieve greater alignment with the TCFD framework, and seven environment-related key performance indicators that oil and gas companies could implement and disclose to demonstrate their commitment to reducing their environmental footprint.
This report examines the prospects of supplying gas from the Eastern Mediterranean to Europe from a technical, geopolitical, and economic perspective.
On January 25, 2023, the Center on Global Energy Policy (CGEP), Columbia University SIPA, hosted...
Achieving the goal of net-zero greenhouse gas emissions by 2050 requires a substantial reduction in the share of high-emitting fossil fuels in primary energy consumption.
On October 11, 2022, Columbia University’s Center on Global Energy Policy convened a roundtable to discuss whether there is access to adequate financing for oil and gas assets to meet energy security and affordability needs during the transition to net-zero emissions.